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Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?


To: KyrosL who wrote (38692)1/31/2000 1:22:00 PM
From: Mehrdad Arya  Read Replies (1) | Respond to of 45548
 
Kyros, I too feel the tech sector is long due for a major, and I emphasize major correction. What keeps me in the market are two compelling factors, short term Capital Gains (39.6%) and the safety net emanating from the Palm. In Black Jack we would say this is insurance against the house having a Black Jack. Short of an act of God, I surmise that our glide path to $100 will not be too far into the future. At $50 we are essentially refueling for a Ballistic take-off so that we can exit earths gravitation forces. Our coordinates and destination are $100+ within a year. If 3Com is able to manifest top line growth some time in the near future I would be bold enough to shorten my time span to within 6 months.

The Palm IPO is like a 'Top Straight Flush' in Poker. As they would say in Poker, I raise you, all in.